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Contemporary Business: Oil spill issues; Moratorium on drilling

Please answer the questions below and provide references.

1. Discuss the ways that BP's approach to teams may have contributed to the 2010 Deepwater Horizon oil spill (which resulted from an over-pressurized deepwater well head).

2. In June 2010, President Obama imposed a six month deep water drilling moratorium. If the US government prohibits deep water drilling off the US coast, discuss how the US oil companies can remain competitive in the US market when over 35% of crude oil is currently sourced from domestic deep water drilling.

Solution Preview

1. Discuss the ways that BP's approach to teams may have contributed to the 2010 Deepwater Horizon oil spill (which resulted from an over-pressurized deepwater well head).

A better response to this question would be in how BP's lack of approach to a team environment and corporate culture contributed to the 2010 Deepwater Horizon oil.

BP's reaction to the massive oil spill of 2010 was in their unpreparedness, unresponsiveness, lack of leadership skills, lack of communication and missing worst-case scenario strategies (Faussett, 2010).

Corporate culture is a significant factor of operating systems in organizations; it is the foundation by which a ...

Solution Summary

Contemporary business issues and ethics are examined. The Moratorium on drilling after an oil spill is examined.

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